Answer:
Direct materials and direct labor.
Explanation:
A variable cost is the one that vary depending on the level of production or sales. The cost increase or decrease according to the level of volume change.
The variable costing charges only direct costs (material, labour and variable overhead costs) into the cost of a product. It is lower than the cost calculated under absorption costing, that also include fixed manufacturing overhead.
Fixed manufacturing overhead is considered as a periodic cost and charged from the periodic gross profits.
Answer:
The bid amount should be $13,200,264.
Explanation:
An oil and gas producing company owns 42,000 acres of land in a southeastern state.
It operates 630 wells which produce 18,000 barrels of oil per year and 1.7 million cubic feet of natural gas per year.
The revenue from the oil is $1,800,000 per year and for natural gas the annual revenue is $581,000 per year.
Total Annual Revenue
= Revenue from oil + Revenue from gas
= $1,800,000 + $581,000
= $2,381,000
The bid amount should be the present worth of total annual revenue.
Present Worth of total annual revenue
= 
= 
= 
= 
= 
= 
= $13,200,264
The maximum number of accounts allowed within the chart of accounts in QuickBooks Online Plus is: 250 chart.
<h3>What is
chart of accounts in QuickBooks?</h3>
Chart of accounts in QuickBooks can be defined as the account that are mostly use in tracking every financial statement or information.
The Chart of accounts in QuickBooks should not be more than 250 chart of account based on the fact that if your account is higher than 250 in your chart of account this can tend to lead to suspension of the subscription you made.
Therefore the maximum number of accounts allowed within the chart of accounts in QuickBooks Online Plus is: 250 chart.
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The Westgo Fixed Income Fund is a mutual fund that holds an array of bonds and common stocks in its portfolio.
<h3>
What is a mutual fund?</h3>
A kind of financial vehicle in which assets from shareholders are pooled to invest in different securities like bonds, stocks, and many more. It is maintained or held by individuals or small investors.
For a smart investment, a fund holder has a manager, who is named as an investment adviser. This adviser works for the mutual fund shareholder. It is the adviser's responsibility to monitor market trends and advise the investor or holder on where and how much to invest.
Therefore, Westgo Fixed Income Fund is a mutual fund that holds an array of bonds and common stocks in its portfolio.
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Answer:
Operating activities
Investing activities
Financing activities
Explanation:
The Statement of Cash Flow is divided into three sections: operating activities, investing activities and financing activities.
- Operating Activities: cash flows from operating activities details flows arising from the normal and regular business operating of the company. It includes items such as cash-based revenue, cash-based expenses, changes in working capital, etc.
- Investing Activities: cash flow from investing activities details flows spent on investment assets or earned from sale of investment assets. It includes cash spent on acquiring new plant and machinery, as well as cash realized from the sale of existing assets.
- Financing Activities: cash flows from financing activities details cash realized from capital providers as well as returns to them. It includes flows from new equity and debt issuance, dividends and interests paid to capital providers, etc.
